BoE Expected To Cut Rates Again
MARKET NEWS
LONDON -- The Bank of England’s Monetary Policy Committee (MPC) is expected to trim UK interest rates by 25 basis points this week, analysts told FX Week.
The bank is set to lower borrowing costs as external factors continue to impact the UK economy, observers said. The US economic slowdown, global slowdown risks and the foot and mouth disease outbreak were the reasons cited by analysts for the likely move.
"Our call is for 25 basis points," Audrey Childe-Freeman, economist at CIBC World Markets
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